May 220 min readAs Manhattan new dev condos continue to find balance between pricing and sales, values show strength over 2023 with average prices and PPSF both up year-over-year through April.Updated: Aug 12
Downtown Brooklyn leads new rental development launches in the borough and has seen strong demand as it continues to be a hub for Brooklyn luxury high-rise living.
New rental properties in Upper Manhattan are experiencing strong demand and rising prices, partially driven by NYC renters seeking more value amid record-high citywide rents.
Manhattan new development condo contracts in Q2 saw lower pricing but stronger sales activity, indicating a degree of balance as the market continues to focus on value and adapt to interest rates.
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